This quarter’s analysis compares the UK to other G7 nations across key economic indicators, revealing that while low growth is typical, the UK’s persistently high inflation is keeping interest rates elevated and delaying project starts. UK bond yields are also the highest among G7 countries, reflecting reduced investor confidence. Meanwhile, the global stock market is booming, driven by major US tech firms heavily invested in AI, though its long-term impact remains uncertain. In this climate, UK construction sits in limbo, awaiting policy clarity from the upcoming 26 November budget, while costs remain high but relatively stable.

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